ThrillRideFan8724 Posted December 22, 2017 Share Posted December 22, 2017 Mostly I am curious as to why we are seeing newer theme parks being built overseas now as to why we really aren't seeing too many new theme parks built I our country? My only question is it probably because of our terrible economy or is it something else? Eventually when will we see like a Warner bros movieworld over in the US and a 20th Century Fox World, a lionsgate theme park, we already have universal and Disney here in the states so why not have other movie companies expand their film theme parks in our country if they are doing well in international countries? Link to comment Share on other sites More sharing options...
ytterbiumanalyst Posted December 23, 2017 Share Posted December 23, 2017 The US economy is booming right now. Yes, there was a recession, but it's been over since 2012-2013, depending on where you are. Theme park construction generally restarted about that time, same with investment in other industries. Link to comment Share on other sites More sharing options...
kidcoaster 2 Posted December 23, 2017 Share Posted December 23, 2017 Well we do have LEGOLAND New York coming soon, so that's a start at least. Link to comment Share on other sites More sharing options...
ThemeParkJunkie51290 Posted December 23, 2017 Share Posted December 23, 2017 And let's not forget about The Park at OWA that just opened this year. Link to comment Share on other sites More sharing options...
thrillseeker4552 Posted December 23, 2017 Share Posted December 23, 2017 ^Plus the new indoor theme park going to New Jersey in 2019, with the Gerstlauers. Link to comment Share on other sites More sharing options...
DirkFunk Posted December 23, 2017 Share Posted December 23, 2017 Mostly I am curious as to why we are seeing newer theme parks being built overseas now as to why we really aren't seeing too many new theme parks built in our country? My only question is it probably because of our terrible economy or is it something else? Â The park industry in the United States is effectively "mature"; that term in economics means that it is no longer in a growth stage. Almost every major market has at least one park if not multiple serving it. For those markets that don't, the cost of building a new theme park is so high up front between land acquisition, infrastructure, and ride building, and the amount of cash needed to maintain facilities over the long run so great in comparison to all the other ways one might invest their money that it simply does not make any sense for most people to try. Most theme parks built in the Americas failed with their original owner, and it only by the 2nd or 3rd owner and multiple bankruptcies that most of them became capable of returning a profit. Link to comment Share on other sites More sharing options...
DorneyKid14 Posted December 23, 2017 Share Posted December 23, 2017 Whenever I hit the lottery. Link to comment Share on other sites More sharing options...
Afterburner Posted December 23, 2017 Share Posted December 23, 2017 The US economy is booming right now. Yes, there was a recession, but it's been over since 2012-2013, depending on where you are. Theme park construction generally restarted about that time, same with investment in other industries. Â This relatively healthy economy probably won't last much longer, though, so I wouldn't get my hopes too high. Link to comment Share on other sites More sharing options...
larrygator Posted December 23, 2017 Share Posted December 23, 2017 I predict it will occur in about 20 years. Link to comment Share on other sites More sharing options...
ThrillRideFan8724 Posted December 23, 2017 Author Share Posted December 23, 2017 So we will see international countries overseas continue to build newer theme parks while our country will probably take about 10-15 more years or too some of you think we will probably not get any newer type of theme parks based on film companies. I'm talking Warner Bros, Lionsgate, Sony, 20th Century Fox which just got the new deal done with Disney, New Line Cinema, etc. Movie styles theme parks I am talking about actually. Link to comment Share on other sites More sharing options...
A.J. Posted December 23, 2017 Share Posted December 23, 2017 The park industry in the United States is effectively "mature"; that term in economics means that it is no longer in a growth stage. Almost every major market has at least one park if not multiple serving it. For those markets that don't, the cost of building a new theme park is so high up front between land acquisition, infrastructure, and ride building, and the amount of cash needed to maintain facilities over the long run so great in comparison to all the other ways one might invest their money that it simply does not make any sense for most people to try. Most theme parks built in the Americas failed with their original owner, and it only by the 2nd or 3rd owner and multiple bankruptcies that most of them became capable of returning a profit. Because of the market's maturity, we're also seeing a lot more smaller, "self-contained" themed entertainment experiences such as themed museum exhibits, independent haunts, pop-up events, and escape rooms. Those kinds of developments are really popular in dense urban areas where all that needs to be leased / rented is a single floor of an office building or a small space in the middle of a plaza. Link to comment Share on other sites More sharing options...
DirkFunk Posted December 23, 2017 Share Posted December 23, 2017 Because of the market's maturity, we're also seeing a lot more smaller, "self-contained" themed entertainment experiences such as themed museum exhibits, independent haunts, pop-up events, and escape rooms. Those kinds of developments are really popular in dense urban areas where all that needs to be leased / rented is a single floor of an office building or a small space in the middle of a plaza. Â Also, with retail real estate prices dropping like a stone as the Searses and KMarts of the world die, there's a lot of big boxes needing to be filled by something. First there were traditional FECs, then the most recent updates to that model with the likes of Legoland Discovery Center. Parque Reunidos is like Merlin developing several variations. I won't be at all surprised if Six Flags re-enters that world too (they were there a looooong time ago). Link to comment Share on other sites More sharing options...
larrygator Posted December 23, 2017 Share Posted December 23, 2017 So we will see international countries overseas continue to build newer theme parks while our country will probably take about 10-15 more years or too some of you think we will probably not get any newer type of theme parks based on film companies. I'm talking Warner Bros, Lionsgate, Sony, 20th Century Fox which just got the new deal done with Disney, New Line Cinema, etc. Movie styles theme parks I am talking about actually. Â Oh, if you are talking about movie style parks, change my prediction to 50 years. Link to comment Share on other sites More sharing options...
ytterbiumanalyst Posted December 23, 2017 Share Posted December 23, 2017 The US economy is booming right now. Yes, there was a recession, but it's been over since 2012-2013, depending on where you are. Theme park construction generally restarted about that time, same with investment in other industries. Â This relatively healthy economy probably won't last much longer, though, so I wouldn't get my hopes too high. True. I'm no economist, I just pay attention to what real economists say. So when the OP asked the question in a way that assumed the current US economy is terrible, I felt that it needed to be pointed out that pretty much every economist says the opposite. People who invest millions of dollars in their business are going to pay attention to the economy, so it's no coincidence that they started building new rides again right about the time the economy was beginning to recover. Link to comment Share on other sites More sharing options...
AmyUD06 Posted December 23, 2017 Share Posted December 23, 2017 Mostly I am curious as to why we are seeing newer theme parks being built overseas now as to why we really aren't seeing too many new theme parks built in our country? My only question is it probably because of our terrible economy or is it something else? Â The park industry in the United States is effectively "mature"; that term in economics means that it is no longer in a growth stage. Almost every major market has at least one park if not multiple serving it. For those markets that don't, the cost of building a new theme park is so high up front between land acquisition, infrastructure, and ride building, and the amount of cash needed to maintain facilities over the long run so great in comparison to all the other ways one might invest their money that it simply does not make any sense for most people to try. Most theme parks built in the Americas failed with their original owner, and it only by the 2nd or 3rd owner and multiple bankruptcies that most of them became capable of returning a profit. Â This. There are no new theme parks going up in the US because there's no demand for it. Â ^Plus the new indoor theme park going to New Jersey in 2019, with the Gerstlauers. Â LOL. Never going to happen. Link to comment Share on other sites More sharing options...
AmyUD06 Posted December 23, 2017 Share Posted December 23, 2017 So we will see international countries overseas continue to build newer theme parks while our country will probably take about 10-15 more years or too some of you think we will probably not get any newer type of theme parks based on film companies. I'm talking Warner Bros, Lionsgate, Sony, 20th Century Fox which just got the new deal done with Disney, New Line Cinema, etc. Movie styles theme parks I am talking about actually. Â On this note, Warner is New Line, and currently gets their theme park kicks (and money) from Six Flags. Â As you said, Fox is Disney, and thus parks already exist. Â I'd argue that Lionsgate (aside from Hunger Games, which is kinda dead now anyway) and Sony don't have any properties really worth developing into themed areas or rides. Not enough to make a whole park out of anyway. Link to comment Share on other sites More sharing options...
A.J. Posted December 23, 2017 Share Posted December 23, 2017 Also, the "destination" amusement / theme park market is extremely volatile in North America. If you're not a part of "the big five", that's Walt Disney P&R, Universal P&R, SeaWorld P&E, Six Flags, or Cedar Fair, you're basically a nobody if you're in that particular "destination" market. Of the top twenty most-attended parks in 2016, only one of them isn't part of those five companies - Hersheypark. Â Because of that, I don't believe that we will ever see a new, I.P.-driven, all-season, destination theme park unless the entirety of southern California spontaneously combusts or the entirety of central Florida gets flooded due to climate change. I consider Nickelodeon Universe at the Meadowlands somewhat of an anomaly because it's entirely indoors - I think it can break in based on the apparent popularity of indoor water park resorts in the mid-Atlantic. Â If I were to speculate - I do think that there still is room for small parks like Galveston Pleasure Pier, the Fun Spot parks, and The Park at OWA to succeed based on local appeal, but I'd bet their growth would be slower due to smaller attendance numbers and less revenue. Perhaps others should follow the Fun Spot model of "amusement park + F.E.C., rec center, or some other extra thing" to broaden their appeal. Link to comment Share on other sites More sharing options...
DirkFunk Posted December 23, 2017 Share Posted December 23, 2017 It's not that there isn't demand for any theme parks, it is that the cost of building a theme park exceeds the capability of the demanders to make it a financial success. You might be able to build a theme park in Houston and get 2.5 million people in the gate. It could totally happen. The problem is that you'd spend $650-700 million to do it, minimum. Once you pay your employees, pay the utilities, pay the insurance, pay the interest on the loans you took out to build the park, pay your taxes: you're barely breaking even. Now the real challenge: if you don't spend more money for the next year on both upkeep *and* new attractions, your attendance and revenue will drop. But you already aren't making much money, so what's gonna happen? Â You couldn't build Great Adventure today even if you knew on the other end you'd get Great Adventure's attendance and per cap spending. That's the reality. Link to comment Share on other sites More sharing options...
bill_s Posted December 24, 2017 Share Posted December 24, 2017 The history of many parks are interesting. Basically, some rich optimists lost money. Â Re: the DC area thread, thinking about it more the land Six Flags America is on will probably continue to increase in value. That would be a reason to not build anything large and longterm. I would be less surprised by the area losing that park in maybe 20 years than it gaining one. Â The Park at OWA and the new project in Jersey I think are ways to build a big shopping center on cheap land and then get people to come to it. Link to comment Share on other sites More sharing options...
CaptainUnknown Posted December 24, 2017 Share Posted December 24, 2017 There is that rumor that Universal is looking at building another park in Orlando. Â Grand Texas is supposedly under construction. Â But otherwise, I don't think we'll be seeing that much outside of FEC style parks or showcase parks like The Park at OWA. If I remember correctly, the last major theme park to open before OWA was Hard Rock Park/Freestyle Music Park; and we all know how well that turned out. Link to comment Share on other sites More sharing options...
Myself Posted December 24, 2017 Share Posted December 24, 2017 ^Galveston Island Historic Pleasure Pier also sprang up in that time. Link to comment Share on other sites More sharing options...
ElvisLuv Posted December 27, 2017 Share Posted December 27, 2017 There is that rumor that Universal is looking at building another park in Orlando. Grand Texas is supposedly under construction.  But otherwise, I don't think we'll be seeing that much outside of FEC style parks or showcase parks like The Park at OWA. If I remember correctly, the last major theme park to open before OWA was Hard Rock Park/Freestyle Music Park; and we all know how well that turned out.  Hard Rock was a horrible location with incredibly bad timing. The idea was great and should be explored again. A Led Zepplin themed coaster with it's own custom mix ride sound track was awesome even if it was an average B&M. If that park was attached to one of the Hard Rock Casino resorts like Tampa or Vegas or even as part of the Hard Rock Hotel at Universal it would be still be open. Link to comment Share on other sites More sharing options...
ElvisLuv Posted December 27, 2017 Share Posted December 27, 2017 ^Galveston Island Historic Pleasure Pier also sprang up in that time.   These type of parks are the most likely along with parks like FunSpot  I'd love to see a Fun Spot type model built along side a complex of FEC's with bowling and movie theaters to create  I still think a Pleasure Pier type of attraction on a unique piece of land like Mud Island here in Memphis with two major interstates (I-40 and I-55) crossing nearby would a prime location.  A 400 ft. Star Flyer with a skyline on one side and the Mighty Mississippi on the other with two lighted Bridges thrown in would be some experience. Though I think a more park like setting like Tivoli Gardens would be a better fit. Link to comment Share on other sites More sharing options...
ThrillRideFan8724 Posted January 14, 2018 Author Share Posted January 14, 2018 This brings me back to the topic that I created which is now closed down. I really think the D.C/Baltimore Northern VA region could use a new theme park since SFA has not really been a success. Link to comment Share on other sites More sharing options...
AmyUD06 Posted January 14, 2018 Share Posted January 14, 2018 And as we told you in that thread, Kings Dominion says hello. Link to comment Share on other sites More sharing options...
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